A second referendum on Brexit is portrayed as an attack on democracy by ardent Leavers, and has been outright rejected by the UK government. While a growing chorus of businesses and voters like the idea, some politicians say it would be divisive, unhelpful and akin to telling Brits that they got it wrong first time. Yet over the weekend, a ...

State Bank of India (SBI) Chairman Rajnish Kumar wants to assure investors he’s in complete control of the ‘demon’ of soured loans. Not so fast, Aladdin. The bank’s first quarterly profit in 12 months is no doubt an encouraging sign, though net income of $129 million on a $284 billion loan book is hardly worth celebrating. Besides, it’s premature for ...

Very little went wrong for DBS Group Holdings Ltd. last quarter. Singapore’s biggest bank, the last to report earnings, posted a 76 percent jump in net income. Net interest margins widened 13 basis points and credit costs were 71 percent lower than a year earlier. Investment banking wobbled, but trading income surged to compensate. The joys of being a bank ...